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Looking for car & equipment finance on the Central Coast?

Start your journey, contact Inovayt Nelson Bay today

Car and Equipment Finance Nelson Bay

Our Car and Equipment finance team based in Nelson Bay are focused on providing consistent and quality asset and vehicle loans – for both businesses and personal uses.

Office location

Newcastle
88 Elder Street,
Lambton NSW 2299

Get in touch

1300 354 355

Call now   ➔

Office location

Newcastle
88 Elder Street,
Lambton NSW 2299

Get in touch

1300 354 355

Call now   ➔

Making personal asset financing work for you

Whether you’ve been eyeing off a new weekend toy, a holiday for the whole family, a pool for the hot Nelson Bay summers or anything in between, our personal asset financing could be just what you’re looking for. Our team works alongside you to find the best loan for your unique scenario – offering both secured and unsecured loans.

Leveraging business asset finance

Every business requires assets to get the job done and promote growth. Whether you need a new dishwasher for your restaurant, a ute for the trade site or some new technology for the office, our commercial brokers can help you keep your business running smoothly with business asset financing.

Chattel mortgage

A chattel mortgage is a loan used to purchase an item of movable personal property, such as a piece of construction equipment. The asset, or chattel, secures the loan, and the lender holds an interest in it. The benefits of this as business owner is you may be able to purchase large important equipment that may otherwise be out of reach.

Low doc loan

While full and low doc loans function in the same way, it is the criteria of acceptance that separates the two. For established businesses who require a quicker loan approval than regular doc loans, a low doc loan could be an option. Provided your business meets the length of ABN and GST criteria.

Our most frequently asked questions

Personal and business asset financing are vast topics with many finer details, but these are the questions we most commonly encounter.

Asset financing is a great way to get assets sooner whilst keeping your cash flow manageable, which allows for opportunities that may have not been available otherwise.

  •   Can reduce larger loan costs
  •   Manage cash flow problems
  •   Capitalise on opportunities as they arise
  •   Get your hands on new assets sooner

Equipment financing allows businesses that rely heavily on equipment or expensive machinery to keep up to date and maintain current equipment.

  •   Maintaining and purchasing heavy machinery.
  •   Purchasing equipment in line with business growth.
  •   Keeping up with technology changes as the business landscape transforms.
  •   Replacing or purchasing trade tools.

A balloon payment is a lump sum owed to the lender. It generally falls at the end of your loan period. This allows you to repay only part of the principal of your loan over its term, reducing your monthly repayments in exchange for owing the lender a lump sum at the end of the loan term.

Balloon payments vary in amount but the general rule of thumb is 50 per cent of the total loan value. So for a $30,000 loan you could have a $15,000 balloon payment.

Your loan term is something that will be decided on by you and your lender. It’s important to keep in mind that the longer your loan term, the more interest you’ll be required to pay. For asset finance, you can have a loan term anywhere between one and seven years.

Novated lease and car loans have similar features, but also some key differences.

  •   Regular repayments are done for both. 
  •   Balloon payments are an option at the end of each of these loans. 
  •   A novated lease is a three-way deal between you, the lender, and your employer.
  •   You own the vehicle from day one with a regular car loan. 
  •   Once the loan term ends on a novated lease, and the balloon payment has been repaid, you own the vehicle.
  •   After-tax earnings are used to finance a car loan, whereas pre and post-tax pay are used for a novated lease.

Helpful resources

Budget Planner

Work out where your money is going with our Budget Planner calculator. You can customise the item names and save your results.

Meet our Nelson Bay asset finance broker

Our experienced and friendly team can provide you with lifetime financial solutions by understanding your individual needs and goals.


Get in touch

1300 354 355


Send us an email

info@inovayt.com.au

Start your journey, contact Inovayt Nelson Bay today

Get in touch
1300 354 355


Send us an email
info@inovayt.com.au

Start your journey, contact Inovayt Nelson Bay today

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